Describe the optimal order size, Operation Management

Assignment Help:

A retail outlet has its own production facility for producing denim cloth. The ordering cost ($150) is the cost of setting up the production process to make the denim cloth. The carrying cost is $0.75 per yard and the demand is 10,000 yards per year. The production facility operates the same days as the retail store is open (i.e. 311 days) and produces 150 yards of the denim cloth per day. Determine:

a) The optimal order size

b) The total inventory cost

c) The length of time to receive an order

d) The number of orders per year

e) The maximum inventory level


Related Discussions:- Describe the optimal order size

Describe what is the profit or loss for the mahcine, A company is to make a...

A company is to make a decision on whether or not to purchase a machine to package its product and has asked you to review the information and provide them with answers to some que

Account receivable of $4, Slighty Used Goods has Cash of $2,150 inventory o...

Slighty Used Goods has Cash of $2,150 inventory of $28,470, fixed assets of $9,860, accounts payable of $11,900, and account receivable of $4,660. What is the cash ratio?

Explain method for a company to advertise, How does Facebook compare with T...

How does Facebook compare with Twitter in terms of a method for a company to advertise? Is the audience different for the two? Are the risks/rewards different?

What are the pros and cons of cumulative voting, Discuss the pros and cons ...

Discuss the pros and cons of cumulative voting vice regular voting for Directors of a company. Why would a company choose one over the other? Who benefits from each type: sharehold

Describe questionable behaviour, Please answer a detailed explanation for t...

Please answer a detailed explanation for the following scenario: Your Company has recently hired a new employee for an upper level management position. They have performed exceptio

Lowest cost entry method, Lowest Cost Entry method s( LCEM) or Matrix Minim...

Lowest Cost Entry method s( LCEM) or Matrix Minima Method: Step1: Determine  the smallest  cost in  the cost matrix of the transportation table. Let it be ( C ij ). Allocate

Explain creating diverse teams is a challenge, Creating diverse teams is a ...

Creating diverse teams is a challenge. All of the following are important steps to include in a plan for bringing diversity to a team, except: a. The organization should publicly c

Solve the problem requires an excel solution, The problem requires an excel...

The problem requires an excel solution and an algebraic solution with variables: During the month of July, Pittsburgh resident Bill Fly must make four round trip flights between Pi

Impact of activity of listening, How is the activity of listening impacted ...

How is the activity of listening impacted by the particular situation?

Order winners - operations strategy, Order Winners - Operations Strategy ...

Order Winners - Operations Strategy These are operational capabilities that directly contribute to winning business. They are generally cited as the reasons for the purchase o

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd